New Construction
Address
522 N Preston Street, Philadelphia, PA
Price
$ 1,200,000
Property Attributes
- MLS#PAPH2256532
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19104
- Zip19104
- StyleTraditional
- Year Built2016
- Taxes$ 1483
- Price$ 1,200,000
- Bedrooms10
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
OPPORTUNITY knocks!!! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 7-year young building sits on a 17x100 lot, has 3-4 years left on the tax abatement and brings in around $95,760 in gross annual rent. Unit #1 features a flat 2 bed, 2 bath unit with a private backyard for $1680/month. Unit #2 features a 2 bed, 2 bath unit for $1600/month. Unit #3 features a bi-level 2 bed, 2 bath unit for $1700/month. Unit #4 features a bi-level 2 bed, 2 bath unit for $1650/month. Unit #B features a lower level 2 bed, 2 bath unit for $1350/month. The owners collect $60 monthly water fee from each unit. All of the units have open kitchens with brown cabinets, granite countertops and stainless steel appliances, including an electric stove, a dishwasher, a microwave, a refrigerator and a garbage disposal; large bathrooms, high ceilings, skylight windows in the top floors units #3 and #4, intercoms, washer & dryer in each apartment, lots of natural sunlight. Central A/C and heat in each unit. Apt #1 has a private backyard. Extremely low taxes for the next 3 to 4 years! Cap rate of 7.4%. 522 N Preston st is walking distance to UPenn, Drexel U, Penn Presbyterian Medical Center, Philadelphia Zoo, the Vidas Athletic Complex and much more. Minutes to Center City, Art Museum, 30th St Station, Kelly Drive and 76. There are new construction properties everywhere in this neighborhood. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions.
| Price History | |
|---|---|
| 7/12/2023 | Listed $1,200,000 |
General Features
| Accessibility | Other |
|---|---|
| Architectural Style | Traditional |
| Construction Completed Y/N | No |
| Construction Materials | Concrete |
| Cool Fuel | Electric |
| Cooling | Central A/C |
| County | PHILADELPHIA |
| Days on Market | 149 |
| Garage Y/N | No |
| Heating | Central |
| Lot Size Square Feet | 1666.00 |
| MLS Area | 19104 (19104) |
| New Construction | Yes |
| Other Structures | Above Grade, Below Grade |
| Other Units | Unit 1, Unit 2, Unit 4, Unit 5, Unit 3 |
| Percent Ownership | Fee Simple |
| Pool Y/N | No Pool |
| Possession | Immediate |
| Price Per Sq Ft | 268.1 |
| Property Condition | Excellent |
| Property SubType | Other |
| Property Type | Multi-Family |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
| School District | 300200397108 |
| Sewer | Public Sewer |
| Structure Type | Interior Row/Townhouse |
| Tax Annual Amount | 1483.0 |
| Tax Lot | 74 |
| Tax Year | 2023 |
| Total Units | 4 |
| Two Bedroom | 5 |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Waterfront Y/N | No |
| Year Built | 2016 |
| Zoning | RSA5 |
Interior Features
| Basement | Fully Finished |
|---|---|
| Central Air Y/N | Yes |
| Flooring | Engineered Wood |
| Furnished Units | None |
| Heating Fuel | Electric |
| Heating Y/N | Yes |
| Hot Water | Electric |
Exterior Features
| Living Area | 5376 |
|---|---|
| Foundation Details | Slab |
| Lot Dimensions | 17.00 x 100.00 |
| Lot Size Acres | 0.04 |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Type of Parking | On Street |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19104
Price
Taxes
Visits
Year Built
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